Help Resources - Fairway Wholesale Lending

Jumbo Expansion

We are excited to announce an expansion of LTVs on our Jumbo products effective for loans locked on and after today, March 22nd, 2021. Up to 89.99% LTV on Primary Purchase & Rate/Term Refinances* No Mortgage Insurance Required Minimum...

Created on 25 March 2021.

Second Home & Investment Properties Eligibility

Fannie and Freddie are implementing changes to Second Home and Investment properties to manage to the 7% limit, as announced by the Treasury/FHFB in January. Based on these changes, all Second Home/Investment will now have a 50 bps LLPA...

Created on 25 March 2021.

Expanded Jumbo Program | Client Announcement 2021-03-03

Did you hear the exciting news?! Fairway Wholesale Lending has expanded our Jumbo loan program allowing you to offer your borrowers even greater financing flexibility! This expanded program at Fairway Wholesale Lending now features loan-to-value...

Created on 22 March 2021.

FHA Permitting DACA Status Recipients to Apply for FHA Loans

Effective for loan applications on and after January 19, 2021 individuals classified under the Deferred Action for Childhood Arrivals (DACA) program with the U.S. Citizenship & Immigration Service (USCIS) are eligible to apply for an...

Created on 29 January 2021.

Correspondent VVOE Policy Relaxed

Fairway Wholesale Lending is excited to announce the removal of current COVID VVOE Policies for correspondent transactions. Effective immediately, Fairway is eliminating the additional post close, pre-purchase VVOE for Correspondent transactions. The...

Created on 25 March 2021.

USDA Dates & Reminders During Conversion to NEW GUS

As a reminder, USDA has announced that they will continue processing loans through 02/26/2021 and final submissions received by USDA via Legacy GUS by 11:59 PM ET on 02/12/2021 will be considered for conditional commitment prior to the 02/26/2021...

Created on 11 February 2021.

2021 Loan Limits

As previously announced by the Agencies, the newly updated 2021 loan limits are effective as of January 1st. The new 2021 general and high balance conventional loan limits are currently available for all conventional loans and can be found...

Created on 13 January 2021.

TX & OK FEMA Disaster Declaration Update + VA Certification Form | Client Announcement 2021-03-03

Important TX & OK FEMA Disaster Declaration Updates + VA Certification Forms RESOURCES: Disaster Borrower Certification Form Disaster Area Appraisal and Re-Inspection VA Disaster Certification Form - to be...

Created on 22 March 2021.

EXCITING REMINDER! Rate Lock Extensions AVAILABLE NOW in DRIVER

EXCITING REMINDER! Did you know that we now have a Auto Rate Lock Extension functionality in Fairway’s Driver Portal for conventional and government fixed rate products. With this enhancement, physical lock confirmations will still be...

Created on 29 January 2021.

Pricing Special Updates

We are pleased to announce that we will be making the pricing specials offered in 2020 for Conventional loans permanent effective January 1, 2021. These positive adjustments will now be shown as an LLPA on our rate sheet. Additionally,...

Created on 13 January 2021.

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